NEUPAVER ALBERT J 4

What Happened
Albert J. Neupaver, a director of Koppers Holdings, was credited with 50 dividend-equivalent units on March 23, 2026. The Form 4 reports this as an award/acquisition of 50 derivative shares at $0.00 (no cash exchanged). The award is tied to previously granted time‑based restricted stock units (RSUs).

Key Details

• Transaction date and type: 2026-03-23 — Award/Acquisition (code A) of 50 derivative units at $0.00.
• Reported value: $0.00 on the Form 4 (these are dividend-equivalent rights, not an open-market purchase).
• Shares owned after transaction: Not specified in the provided excerpt of the filing.
• Footnote: The 50 units are dividend equivalent rights (DERs) that accrued with respect to additional time‑based RSUs credited to Neupaver for RSUs granted May 8, 2025; each DER is the economic equivalent of one share.
• Filing timeliness: Reported on a Form 4 filed March 25, 2026 for a March 23, 2026 transaction (filed within the typical two-business-day window).

Context
DERs tied to RSUs represent compensation/vesting mechanics (the economic equivalent of shares or dividends) rather than an outright market purchase or sale. Such awards are routine corporate compensation events and do not, by themselves, indicate a director buying or selling stock in the open market.